Property Summary: 591 Fairmont Road, Winnipeg
Key Characteristics & Buyer Appeal
This property is defined by its exceptionally large, private lot of over 21,000 sqft in the Eric Coy neighbourhood, a feature that places it in the top 1% of all Winnipeg properties for land size. The home itself is a 1968-built bi-level with 1,046 sqft of living space and a finished basement. Its appeal lies not in the size of the house, but in the rare potential of the land. It offers a blank canvas for gardening, recreation, or future expansion, all while being situated within the city. The home’s rankings show its value is strongly tied to the land; it scores highly for lot size and assessed value within the community, but the dwelling is more modest in scale and age compared to neighbours.
This home would best suit a buyer who prioritizes outdoor space and privacy over a large or modern interior. It’s ideal for someone with a vision—whether for extensive landscaping, adding a workshop, or simply enjoying a generous, treed yard. It could also appeal to a value-conscious buyer looking for a foothold in a well-established neighbourhood, with the understanding that the bi-level may require updates over time.
Frequently Asked Questions
1. What does the "bi-level" style mean for daily living?
A bi-level typically features a short flight of stairs leading to the main living areas (kitchen, living room) and another leading down to lower-level bedrooms and the finished basement. It offers good separation of space but involves more stairs than a bungalow.
2. How does the large lot impact maintenance and costs?
While offering great privacy and space, a lot of this size requires more time and equipment for lawn care and landscaping. It may also influence municipal service costs, but provides unparalleled room for gardens, play areas, or outbuildings.
3. The home ranks lower for size and age in the area. Is this a concern?
This indicates the house is more modest and older than many in the immediate community. For a buyer, it highlights that the primary investment is in the land. The condition of major systems (roof, furnace) for a 58-year-old home should be a key focus of inspection.
4. What is the significance of the high assessment value ranking?
The assessment ranks in the top 28% in Winnipeg, suggesting the municipal valuation sees strong underlying value here, likely driven by the lot. This can be a positive indicator for long-term property value stability.
5. Is the finished basement included in the 1,046 sqft living area?
Typically, municipal living area (sqft) measurements do not include below-grade spaces, even if finished. The 1,046 sqft likely refers to the above-grade living space, with the finished basement providing additional usable rooms.